Readystate Asset Management LP purchased a new position in shares of INV VK MUN OPP (NYSE:VMO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 29,719 shares of the investment management company's stock, valued at approximately $282,000.
Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of INV VK MUN OPP by 160.3% in the fourth quarter. Ameriprise Financial Inc. now owns 299,320 shares of the investment management company's stock valued at $2,909,000 after buying an additional 184,317 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of INV VK MUN OPP by 13.3% in the first quarter. Janney Montgomery Scott LLC now owns 43,738 shares of the investment management company's stock valued at $415,000 after buying an additional 5,120 shares during the period. LPL Financial LLC raised its stake in shares of INV VK MUN OPP by 214.7% in the fourth quarter. LPL Financial LLC now owns 452,242 shares of the investment management company's stock valued at $4,396,000 after buying an additional 308,518 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of INV VK MUN OPP by 10.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 129,282 shares of the investment management company's stock valued at $1,227,000 after buying an additional 12,459 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in shares of INV VK MUN OPP by 12.4% in the fourth quarter. Nuveen Asset Management LLC now owns 77,986 shares of the investment management company's stock valued at $758,000 after buying an additional 8,600 shares during the period. 42.57% of the stock is currently owned by institutional investors.
INV VK MUN OPP Price Performance
Shares of NYSE VMO traded up $0.03 during mid-day trading on Friday, hitting $9.00. The company had a trading volume of 194,199 shares, compared to its average volume of 234,340. INV VK MUN OPP has a 1 year low of $8.81 and a 1 year high of $10.39. The stock's 50-day moving average price is $9.12 and its 200-day moving average price is $9.40.
INV VK MUN OPP Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a dividend of $0.0625 per share. This represents a $0.75 annualized dividend and a yield of 8.34%. The ex-dividend date of this dividend is Wednesday, July 16th.
INV VK MUN OPP Company Profile
(
Free Report)
Invesco Municipal Opportunity Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc It invests in the fixed income markets of the United States.
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